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NEW YORK, Aug. 20, 2021 /PRNewswire/ —

According to Technavio, the copper pipes and tubes market estimates a market value of USD 4.96 billion during 2021-2025. The report offers a detailed analysis of the COVID-19 impact on the market and the new opportunities that market players can expect.

The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

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Copper Pipes and Tubes Market: Increasing demand for copper tubes and pipes in HVAC segment to drive growth

Key drivers such as the increasing demand for copper tubes and pipes in the HVAC segment are notably supporting the copper pipes and tubes market growth. On the other hand, factors such as volatile costs of raw materials have been identified as market challenges that limit the growth of market vendors. Technology innovations, implementation, and improvisation scope identified in the copper pipes and tubes market trends is essential for building new business opportunities across segmentations and geographies.

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As per Technavio, the superior properties of copper in comparison to aluminum will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.

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Related Reports on Materials Include:

Copper Pipes and Tubes Market in Europe Middle East and Africa:This market research report identifies suppliers like MetTube, Luvata, KME, Mueller Industries, and Qaem Copper Industries to be the vendors in copper pipes and tubes market in EMEA. To get extensive research insights: Download Our Exclusive Sample Reportof the Latest Version  

Copper Pipes and Tubes Market: Segmentation Analysis

This market research report segments the  copper pipes and tubes market by End-user (HVAC, Industrial heat exchange, Plumbing, and Others) and Geography (APAC, Europe, North America, South America, and MEA).

China and Japan are the key markets for copper pipes and tubes in APAC. 70% of the market’s growth will originate from APAC during the forecast period. APAC has been recording a significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is the superior properties of copper in comparison to aluminum. 

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:  media@technavio.comWebsite:  www.technavio.com/Report: https://www.technavio.com/talk-to-us?report=IRTNTR44097

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SOURCE Technavio